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April 14, 2014

How much income will you need in retirement?

Of course, the “correct” answer
is: It varies depending on individual circumstances. In USA Today Robert Powell summaries the results of a recent study
designed to answer that question. Researchers “Hurd and Rohwedder say you
really need to customize your income needs in retirement based on highly
personal factors such as your marital status, education, gender, age, whether
you have children, and your economic resources, such as your post-retirement
income, your housing wealth, and your non-housing wealth.” Not surprising! For more
perspective read Powell’s discussion of the research findings at: http://www.usatoday.com/story/money/columnist/powell/2014/04/13/retirement-planning-income/7592373/